Marathon Petroleum Corporation $MPC Shares Sold by Tudor Financial Inc.

Tudor Financial Inc. lowered its stake in Marathon Petroleum Corporation (NYSE:MPC) by 58.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,665 shares of the oil and gas company’s stock after selling 5,125 shares during the period. Tudor Financial Inc.’s holdings in Marathon Petroleum were worth $937,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Premier Path Wealth Partners LLC raised its holdings in Marathon Petroleum by 9.2% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,215 shares of the oil and gas company’s stock worth $566,000 after buying an additional 187 shares during the period. Concurrent Investment Advisors LLC increased its position in shares of Marathon Petroleum by 5.6% in the second quarter. Concurrent Investment Advisors LLC now owns 84,153 shares of the oil and gas company’s stock worth $21,515,000 after acquiring an additional 4,459 shares in the last quarter. NEOS Investment Management LLC raised its holdings in shares of Marathon Petroleum by 13.0% during the second quarter. NEOS Investment Management LLC now owns 48,445 shares of the oil and gas company’s stock valued at $12,386,000 after acquiring an additional 5,568 shares during the period. High Net Worth Advisory Group LLC lifted its position in shares of Marathon Petroleum by 2.6% in the 2nd quarter. High Net Worth Advisory Group LLC now owns 1,636 shares of the oil and gas company’s stock valued at $418,000 after acquiring an additional 42 shares in the last quarter. Finally, Continuum Advisory LLC acquired a new position in Marathon Petroleum in the 2nd quarter worth approximately $117,000. 76.77% of the stock is owned by institutional investors.

Insider Activity

In other Marathon Petroleum news, SVP Shawn M. Lyon sold 2,500 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $350.00, for a total transaction of $875,000.00. Following the transaction, the senior vice president directly owned 12,619 shares in the company, valued at $4,416,650. This trade represents a 16.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Erin M. Brzezinski sold 570 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $362.79, for a total value of $206,790.30. Following the completion of the sale, the vice president directly owned 1,576 shares of the company’s stock, valued at $571,757.04. This represents a 26.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 21,691 shares of company stock worth $7,780,127. 0.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MPC has been the topic of several research analyst reports. UBS Group reiterated a “buy” rating and set a $321.00 price objective on shares of Marathon Petroleum in a research report on Friday, July 10th. Morgan Stanley raised their target price on Marathon Petroleum from $233.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Jefferies Financial Group set a $335.00 price target on Marathon Petroleum and gave the company a “buy” rating in a report on Sunday, July 12th. Bank of America raised their price objective on Marathon Petroleum from $224.00 to $260.00 in a research report on Tuesday, May 26th. Finally, Weiss Ratings upgraded Marathon Petroleum from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $322.44.

Marathon Petroleum Stock Up 0.2%

Shares of Marathon Petroleum stock opened at $387.66 on Friday. The firm has a market cap of $113.17 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 0.25 and a beta of 0.53. The stock has a 50-day simple moving average of $319.58 and a 200-day simple moving average of $265.65. Marathon Petroleum Corporation has a 52-week low of $161.93 and a 52-week high of $398.52. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, topping analysts’ consensus estimates of $14.27 by $3.46. The firm had revenue of $51.99 billion for the quarter, compared to the consensus estimate of $40.87 billion. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The firm’s revenue was up 53.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.96 earnings per share. On average, equities research analysts expect that Marathon Petroleum Corporation will post 46.66 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $1.00 per share. The ex-dividend date is Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.0%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 13.75%.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.